Two Things You Should Know To Spot A Possible 10x Gem: Degen Trading But With Research.

According to Coingecko, Degen;

Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care. They will buy because the asset logo looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the internet says she's looking into crypto and the first two shill comments gets more likes than others. Essentially, a degen trader buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings.

And as lots of people know, degen trading is basically a gamble. If you can gain huge money with, you can possibly lost huge money with it too, and it's just in a short amount of time.

When we say degen trading, I can just say that it's a gamble to new tokens and the hype around it even if there is no considerable use cases. When you managed to get in early before the pump or after the call of some influencer, then consider yourself lucky. But if you have fomoed and bought the top then the token dropped heavily, then just move on or hold it till you can. Degen is not a long term hold.

But in this article, I will be sharing how I degen trade and spot tokens that can potentially be profitable in the short run. I won't be talking about a 100x gain, because 10x is more highly possible.

Always Check The Roadmap.

Of course, people tend to forgot to take a look about every project's roadmap and just unknowingly asked nonsense question over and over again to the team.

Few people only know about this, but knowing the project's roadmap would mean when a pump in price could happen - pumped by fundamentals or a good news. The roadmap of the project can make you determine if the token is worth holding till a certain part in the roadmap is reached.

As far as I know, and as I noticed personally about the whale's behavior (big investors), whales always buy when a certain event is approaching and during a pump then sells when the hype is fading, let the chart cools off then wait again for another part in the roadmap to reach. If you are only a small investor, still, you should think like how the whales does.

Always check if the project has a good roadmap and if the team delivers consistently. Knowing the roadmap is also knowing when a possible gain is coming. Always read the roadmap.

Be Aware Of the Market Cap.

Here's the best part in every low-key project;

If you saw that the project has a solid roadmap, active team (much better if they are doxxed), great tokenomics, great use cases but the market cap is currently low, not a financial advice but always buy every dip of it.

If you know that the project is very new but the team has high expectations for its success, then the risk of losing money will be much lesser.

Here's a few examples of my 10x gems;

Portify - researched about it and it was a unique project with solid roadmap. The project was in the stealth mode for a month or 2 with no one hyping about it. The team is great and are making sure Portify will reach many people.

It was around $3 million market cap when I saw Portify, it even dropped to $700,000 market cap because of the market volatility and I bought every dip of it. When the beta release of the app together the planned marketing from the team, the token went up to $20 million market cap - sure it was a more than 20x just before Christmas.

Vention - people were not so sure about investing in Vention because they were thinking it will just be another Filipino rugpull project. But if they researched it deeply, they should have known $VNT was a gem. From $1 million market cap to more than $10 million again just before Christmas.

And remember, always and never forget to take profit.

Final Say.

Buying the dip will only be worth it if you know the project's potential. Don't just do degen trade with knowledge. Always do degen trading but applying research to it. Don't just degen trade shitcoins, degen trade with a gems.

Here's a helpful articles for more effective trading:

Avoid Getting Rugpulled.

5 Things To Know In NFT Games.

Image Source: Google.

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